CONTRACTS FOR GOODS AND SERVICES. Consistent with Program Obligations, to the extent that Borrower obtain, or cause to be obtained, contracts for goods, materials, supplies, and services (“Goods and Services”), it shall do so at costs, amounts, and terms that do not exceed reasonable and necessary levels and those customarily paid in the vicinity of the Land for Goods and Services received. The purchase price of Goods and Services shall be based on quality, durability and scope of work. Reasonable Operating Expenses do not include amounts paid for betterments as defined in the Property Jurisdiction or the Improvements unless determined by HUD to be prudent and appropriate. If the Borrower is acquiring goods and services whose costs exceed five percent (5.00%) of the Healthcare Facility’s gross annual revenue, Borrower shall solicit written cost estimates. Borrower shall keep copies of all written cost estimates and contracts or other instruments relating to the Project, all or any of which may be subject to inspection and examination by HUD at the Project or other mutually agreeable location.
CONTRACTS FOR GOODS AND SERVICES a. Unless the Global Fund agrees otherwise in writing, the Principal Recipient shall disclose to the Global Fund the policies and practices that it will use to contract for goods and services under this Agreement. At a minimum, such policies and practices shall conform to requirements 1 through 5 listed below.
CONTRACTS FOR GOODS AND SERVICES. Article 1 - INDEPENDENT CONTRACTOR Nothing contained in this Contract shall be construed as establishing or creating between the UNWTO and the Contractor the relationship of master and servant, principal and agent or employer and employee; it being understood that the Contractor is an independent contractor in relation to the UNWTO. No person engaged by the Contractor in connection with the performance of any obligation under this Contract shall be regarded as an agent, servant, employee of the UNWTO, and the Contractor shall be solely responsible for all claims by such persons arising out of or in connection with their engagement by the Contractor. The Contractor shall inform such persons of the foregoing.
CONTRACTS FOR GOODS AND SERVICES. Consistent with Program Obligations, Borrower shall obtain, or cause to be obtained, contracts for goods, materials, supplies, and services (“Goods and Services”) at costs, amounts, and terms that do not exceed reasonable and necessary levels and those customarily paid in the vicinity of the Land for Goods and Services received. The purchase price of Goods and Services shall be based on quality, durability and scope of work and shall be made upon the most advantageous terms to the Project operation. Reasonable Operating Expenses do not include amounts paid for betterments as defined in the Property Jurisdiction or Improvements unless determined by HUD to be prudent and appropriate. If the Borrower is acquiring goods and services whose usual costs are expected to exceed the greater of $10,000 or five (5) percent of the Borrower’s gross annual revenue, Borrower shall solicit written cost estimates to ensure that prices paid by Borrower for Goods and Services, including the preparation of the annual audit, are competitive with prices paid in the area for Goods and Services of similar quality. Borrower shall keep copies of all written contracts or other instruments relating to the Project, all or any of which may be subject to inspection and examination by HUD at the Project or other mutually agreeable location.
CONTRACTS FOR GOODS AND SERVICES. Consistent with Program Obligations, to the extent that Borrower obtain, or cause to be obtained, contracts for goods, materials, supplies, and services (“Goods and Services”) at costs, amounts, and terms that do not exceed reasonable and necessary levels and those customarily paid in the vicinity of the Land for Goods and Services received. The purchase price of Goods and Services shall be based on quality, durability and scope of work. Reasonable Operating Expenses do not include amounts paid for betterments as defined in the Property Jurisdiction or the Improvements unless determined by HUD to be prudent and appropriate. If the Borrower is acquiring goods and services whose costs exceed five percent (5.00%) of the Healthcare Facility’s gross annual revenue, Borrower shall solicit written cost estimates. Borrower shall keep copies of all written cost estimates and contracts or other instruments relating to the Project, all or any of which may be subject to inspection and examination by HUD at the Project or other mutually agreeable location. Previous versions obsolete Page 18 of 33 form HUD-92466-ORCF (06/2014)
CONTRACTS FOR GOODS AND SERVICES. 1. Subgrantee may contract for services purchased in whole or in part with funds provided under this Agreement, but only when the specialized skills, knowledge and resources to be provided by a vendor are not available within Subgrantee’s organization or if the work required by this Agreement cannot be performed in a reasonable time with Subgrantee’s staff.
CONTRACTS FOR GOODS AND SERVICES. All services or goods for which the General Partner or any of its Affiliates is to receive compensation which are not otherwise described in this Agreement or the Origination & Servicing Agreement shall be embodied in a written contract which precisely describes the services to be rendered and all compensation to be paid. Other than contracts specifically authorized under this Agreement, including without limitation the Origination & Servicing Agreement, the contract may only be modified by a Majority vote of the Limited Partners, and the contract shall contain a clause allowing termination without penalty by Majority vote of the Limited Partners on 60 days notice to the Limited Partners.
CONTRACTS FOR GOODS AND SERVICES. Unless the Principal-Recipient agrees otherwise in writing, the shall use the approved Financial, and Procurement Guidelines issued by the Office of the Principal-Recipient. At a minimum, such guidelines and practices shall conform to the requirements listed below.
CONTRACTS FOR GOODS AND SERVICES. Consistent with Program Obligations, Borrower shall obtain, or cause to be obtained, contracts for goods, materials, supplies, and services (“Goods and Services”) at costs, amounts, and terms that do not exceed reasonable and necessary levels and those customarily paid in the vicinity of the Land for Goods and Services received. The purchase price of Goods and Services shall be based on quality, durability and scope of work and shall be made upon the most advantageous terms to the Project operation. Reasonable Operating Expenses do not include amounts paid for betterments as defined in the Property Jurisdiction or Improvements unless determined by HUD to be prudent and appropriate. If the Borrower is acquiring goods and services whose usual costs are expected to exceed the greater of $10,000 or five (5) percent of the Borrower’s gross annual revenue, Borrower shall solicit written cost estimates to ensure that prices paid by Borrower for Goods and Services, including the preparation of the annual audit, are competitive with prices paid in the area for Goods and Services of similar quality. Borrower shall keep copies of all written contracts or other instruments relating to the Project, all or any of which may be subject to inspection and examination by HUD at the Project or other mutually agreeable location.Intentionally Omitted. [This Section is over-reaching and of limited utility. Operators profit by lowering their costs of operation; bidding among prospective vendors happens in the ordinary course of business. HUD does not need to insinuate itself into the process. Furthermore, HUD lacks the expertise to evaluate competing bids and should HUD seek to impose its will on third party contracts, HUD is exposing itself to potential lender liability.]
CONTRACTS FOR GOODS AND SERVICES a. TPS agrees and covenants it shall be responsible for:
